Beware of fees to alter mortgages

11:43 PM,
Jan. 6, 2013

Written by

Tonya
RAINES

OK, folks, it is time someone stepped up to the soapbox and told the truth about foreclosure "rescue" services.

Sure, they promise to save your home from foreclosure or help you get a mortgage modification at a 2 percent interest rate with a hefty amount of principal reduction. They are going to save your home; all you have to do is fill out the paperwork and pay the fee.

Wait a minute? Pay a fee? Where is the logic in that? Let's see ? a person is in financial crisis and is being asked to pay a company anywhere from $800 to $3,500 for its services? They say they can get you this great deal, but when you read ...